Must have an amex to add offer to your account. Details:
Unlock even more as an
American Express® Card Member with an exclusive mortgage offer from Better.com
Better.com is making the homebuying and refinance experiences more rewarding, with a $2,500 statement credit and more, exclusively for eligible Card Members. See offer terms below.
https://www.americanexpress.com/u...-OfferHub2
EDIT information from Better.com!!!!!!!!!!!!!!!!!!!!!!!!!
Hello,
I work with Better,com and wanted to see if you could please add in the following information to your post on Amex/Better,com deal as it reads incorrect as it stands, especially regarding eligibility. We want to make sure the offer is stated as accurately as possible:
1) Mortgage rates of any specific customer, stated or otherwise, should not be taken as indicative of a mortgage rate available to all customers. Pricing is based on a number of factors, including the individual credit profile of a potential borrower.
2) The offer is only available to those borrowers who have been marketed to directly by American Express, and those who have not received the offer on their Amex portal or via email are not eligible.
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There probably won't be another rate decrease from this point to make it worth it for me but we'll see.
Congratulations on funding your loan, Bluking! You can expect your American Express® statement credit to be applied to your account within 8-12 weeks.
To check eligibility requirements, you can review the terms at the bottom of the offer landing page or call the number on the back of your credit card.
Thanks again for working with Better.com!
Sean Ritter
Congratulations on funding your loan, Bluking! You can expect your American Express® statement credit to be applied to your account within 8-12 weeks.
To check eligibility requirements, you can review the terms at the bottom of the offer landing page or call the number on the back of your credit card.
Thanks again for working with Better.com!
Sean Ritter
Btw, folks, be sure to keep an eye on things even after funding until the dust settles. I kept checking all day and didn't see my old loan paid off. Finally in the late afternoon I reached out and asked for proof the wire was sent. That's when settlement agent let us know it wasn't sent since they were waiting on Better to tell them what day to pay off the loan. Ugh!! It got in just under the wire thankfully and my old loan now shows paid off.
Of the list you have given, how many did you get online vs direct broker contact?
USAA
State Farm
AllState
ASI Progressive
Phone call I hate to say worked the best, AllState had me submit some weird word doc questionaire, and they just went and punched some numbers into the computer. Some were like (allstate/statefarm) "We'll prepare a quote for you in 3-4 days", ASI and USAA gave me a quote the same moment.
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I got 3% 30 year + 900 credit from lenderfi. Bertter.com matched with +$1000 lender credit on top.
If everything goes planned. I pay $0 out of pocket get some credit towards my escrow +$2500 Amex credit. Lower my rate from 3.875 to 3.0.
I really didnt want to risk by waiting longer.
Signed up via the Amex offer link and my first emails from them confirmed the Amex info without me asking. The concierge introduced herself as "your Better Dedicated Concierge as part of the exclusive offer for eligible American Express® Card Members. Nice to meet you!"
I shopped around and ended up with the below rates (all ignoring prepaid escrow items):
Owning - 3% 30Yr with $0 total closing costs
LenderFi - 3% 30Yr with $0 total closing costs
BNC National Bank - 3% 30Yr with $500 total closing costs
First Morgage Direct - 3% 30Yr with $1k total closing costs
Home Plus Mortgage - 3% 30Yr with $1k total closing costs
Sebonic Financial - 3% 30Yr with $2k total closing costs
Lending.com - 3.125% 30Yr with $2k total closing costs
Better.com was able to match the best 3% 30Yr plus an additional $1k lender credit. Rate has been locked.
Moving from my current 3.375% 15yr to a 3% 30Yr and getting $1k net closing credit that'll be applied against my prepaid property tax and insurance. Plus the $2.5k Amex statement credit.
So far I've been happy with the smooth process and hope that continues.
I got 3% 30 year + 900 credit from lenderfi. Bertter.com matched with +$1000 lender credit on top.
If everything goes planned. I pay $0 out of pocket get some credit towards my escrow +$2500 Amex credit. Lower my rate from 3.875 to 3.0.
I really didnt want to risk by waiting longer.
I got 3% 30 year + 900 credit from lenderfi. Bertter.com matched with +$1000 lender credit on top.
If everything goes planned. I pay $0 out of pocket get some credit towards my escrow +$2500 Amex credit. Lower my rate from 3.875 to 3.0.
I really didnt want to risk by waiting longer.
2500 Amex expires in June I believe. If it fluctuates for a few weeks I might miss Amex credit. Refinance saves me 300 a month. That is the cost of waiting each month for me.
I am not saying I did the right thing but I couldn't really be that sure it would be much better if I wait.
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Once I have the docs, I will see if the better.com can match it Amex offer for a sweet deal.
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